Which of the following is a difference between a job-order costing system and a process-costing system? A
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Which of the following is a difference between a job-order costing system and a process-costing system?
A job-order costing system accumulates costs by department, while a process costing system accumulates costs by job.
A job-order costing system is used only by manufacturing firms, while a process-costing system is used by both manufacturing firms and service firms.
A job-order costing system uses a single work-in-process account, while a process-costing system has a work-in-process account for every process.
A job-order costing system uses cost-sheets for assigning labor costs, while a process-costing system uses time tickets for assigning labor costs to processes.
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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